Search Results for: UBS AG
Former precious metals trader for UBS AG fined
February 8th, 2019
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform that Judge Vanessa Bryant of the U.S. District Court for the District of Connecticut issued a Final Judgment and Consent Order on February 5, 2019, against Andre ...
UBS Group AG has filed the request for a SESTA procedure to obtain 100% ownership in UBS AG
March 10th, 2015
Following the successful completion of the share exchange offer to acquire all issued shares of UBS AG in December 2014 , UBS Group AG has filed a request with the Commercial Court of the Canton of Zurich for a ...
Money laundering investigation for UBS AG by French magistartes
July 25th, 2014
UBS is under formal investigation by French magistrates for money laundering regarding whether the bank helped wealthy French customers evade taxes. The bank has been ordered to pay bail of €1.1 billion by Sept 30. In case the bank ...
Two leading MENA Fintech hubs signed region’s first FinTech agreement
January 8th, 2018
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Bahrain Economic Development Board (EDB) have entered into a Fintech cooperation agreement, marking a significant first in the MENA region. Signed between two of the ...
Saxo Bank announces agreement to sell subsidiary
December 19th, 2016
Saxo Bank A/S today announces that it has agreed to sell its Uruguayan subsidiary, Saxo Capital Markets Agente de Valores, to DIF Broker, a long term White Label of Saxo Bank. The transaction, having been approved by the relevant ...
UBS to cut several dozen wealth management jobs: sources
November 2nd, 2016
UBS will cut several dozen jobs at part of its private bank, three sources familiar with the matter told Reuters, part of a previously announced organizational restructure. The Swiss bank told staff in May it was rejigging its flagship ...
UBS Uses Arago’s Artificial Intelligence Platform HIRO™ to Leverage the Potential of IT Automation
October 20th, 2016
Arago, a pioneer in artificial intelligence (AI) and leader in intelligent IT automation based in Frankfurt and New York City, announced today to partner with UBS AG (“UBS”), the world’s largest wealth manager providing financial advice and solutions to wealthy, ...
Swiss bank UBS is to face legal action for encouraging tax fraud that could cost it billion euros
July 11th, 2016
Swiss bank UBS, along with several of its former executives, is to face legal action for encouraging tax fraud that could cost it five billion euros, if judges accept a public prosecutor’s recommendation, reports said Friday. The company sent ...
The effect Brexit will have on football, the Premier League and clubs
June 27th, 2016
Premier League clubs could be forced to drastically change their approach to the transfer market after Britain voted to leave the EU, with a multitude of current Premier League stars ineligible for the work permits required of non-European Economic ...
Teddy Sagi’s Xwise, a subsidiary of Playtech Cyprus Ltd is laying off 140-150 of its 200 employees
May 19th, 2016
Xwise provides supplementary services to customers who have purchased software from online gambling services firm Playtech, its parent company. Xwise, a subsidiary of Playtech Cyprus Ltd. (LSE:PTEC), whose largest shareholder is Israeli billionaire Teddy Sagi, is laying off 140-150 ...
